Turkey to set up bank in China

Partnering with China

Turkish officials say they plan to open a bank in China as part of a deal that will also see a Chinese bank open in Turkey.

At the opening of the first Turkish-Chinese Business Forum in Istanbul on Thursday, Ali Babacan, Turkey's deputy prime minister and economy minister, said Turkey and China had agreed to open banks in each other's territories in a bid to strengthen financial co-operation between the two countries.

The news comes after the Bank of China, the country's third-largest bank, was

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